Analyst WClementeIII notices interesting BTC behavior on quarterly chart: What does this mean? Bitcoin $BTC
It looks like Bitcoin printed two ultra-thin candlesticks in a row, a situation unseen in its history. Thus, the period from Q4, 2021, to Q1, 2022, may be less volatile for Bitcoin .
Mr. Clemente's Twitter followers shared various interpretations of this pattern that looks like what is called Doji Candlesticks among traders and analysts. Some of them are certain that two thin candles are signaling massive consolidation, while other commentators indicate that this is a clear marker of Bitcoin's maturation as an asset.Bitcoin closed Q1 2022, down 1.46% compared to Jan. 1. This is the smallest negative Bitcoin quarterly price movement in its history.
In Q4, 2021, the orange coin added 5.45%, which is the second least significant positive quarter for Bitcoin : in Q3, 2018, the crypto king gained 3.61% in 90 days. Typically, April is a green month for a first cryptocurrency. It closed April in the red only three times in 10 years with 1.6-3.4% losses.
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